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What do strategic system auditors maintain that they need to know about a client's business and industry to be able to conduct a financial statement

What do strategic system auditors maintain that they need to know about a client's business and industry to be able to conduct a financial statement audit? What do professional standards say about this issue?

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CLIENTS BUSINESS AND ENVIRONMENT ASPECTS AUDITOR SHOULD KNOW 1 Industry regulatory and other external factors including the applicable financial reporting framework This means having an understanding ... blur-text-image

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